Contracts - Offer & Acceptance

Descripción

Multiple Choice Questions
Sarah.M.Guevara
Test por Sarah.M.Guevara, actualizado hace más de 1 año
Sarah.M.Guevara
Creado por Sarah.M.Guevara hace más de 8 años
726
1

Resumen del Recurso

Pregunta 1

Pregunta
If it reasonably appears that the parties intended to make a valid contract, a court may apply the presumption that the parties’ intent was to include a reasonable term to rectify any __________ term.
Respuesta
  • Missing
  • vague

Pregunta 2

Pregunta
If the parties to an otherwise valid contract have included a term that is too vague, __________.
Respuesta
  • The contract will be unenforceable unless the vagueness can be cured
  • The contract is enforceable.

Pregunta 3

Pregunta
A vague term in a contract can be cured by __________.
Respuesta
  • part performance
  • complete performance

Pregunta 4

Pregunta
The mirror image rule requires __________.
Respuesta
  • An absolute and unequivocal acceptance of each and every term of the offer
  • A counter offer

Pregunta 5

Pregunta
When a contract for the sale of goods is missing the price term, __________.
Respuesta
  • the price will be made using the fair market value
  • the price will be a reasonable price at the time of delivery go to explanation

Pregunta 6

Pregunta
Under Article 2, when an offeree proposes additional or different terms as part of an otherwise valid acceptance, the acceptance __________.
Respuesta
  • is valid
  • Is effective, unless the acceptance is expressly made conditional on assent to the additional or different terms
  • becomes a counter offer

Pregunta 7

Pregunta
Under Article 2, when an offeree proposes additional or different terms during acceptance, the court will apply __________ to determine whether the additional or different terms become part of the contract.
Respuesta
  • the mirror image rule
  • the battle of the forms provision
  • quasi-contract

Pregunta 8

Pregunta
Once an offeree begins performance in response to an offer for a true unilateral contract, __________.
Respuesta
  • The offer becomes irrevocable
  • The offer is invalid
  • The offer can still be revoked by the offerer

Pregunta 9

Pregunta
An agreed upon price is a necessary element for a valid __________.
Respuesta
  • bilateral contract
  • real property contract
  • unilateral contract

Pregunta 10

Pregunta
Article 2 has abandoned the __________, in favor of the __________.
Respuesta
  • Battle of the forms provision; mirror image rule
  • Mirror image rule; battle of the forms provision

Pregunta 11

Pregunta
In an auction __________, once the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time.
Respuesta
  • Without reserve
  • With reserve

Pregunta 12

Pregunta
Generally, whether a communication is deemed an offer depends upon __________.
Respuesta
  • the objective or apparent intention of the offeror to make an offer
  • the subjective intention of the offeror and the offeree

Pregunta 13

Pregunta
In an auction __________, the auctioneer may withdraw the goods at any time until he announces completion of the sale.
Respuesta
  • With reserve
  • Without reserve

Pregunta 14

Pregunta
When can an offeror properly revoke an offer for a unilateral contract?
Respuesta
  • Anytime after the offeree has begun performance.
  • Anytime before the offeree has begun performance
  • After performance is complete

Pregunta 15

Pregunta
An offer for a unilateral contract can be accepted by __________.
Respuesta
  • Full performance only
  • Partial performance

Pregunta 16

Pregunta
Which of the following would satisfy the mirror image rule?
Respuesta
  • A grumbling acceptance
  • A partial acceptance
  • A expressly conditional acceptance

Pregunta 17

Pregunta
When might a court utilize an Article 2 “gap filler”?
Respuesta
  • When the price is not included in a contract for the sale of goods
  • When a word is vague

Pregunta 18

Pregunta
Under Article 2, when a merchant responds to an offer to buy goods by simply shipping similar, but nonconforming, goods, that shipment is considered __________.
Respuesta
  • an acceptance
  • an acceptance and a breach of the contract
  • a counter offer
  • a breach of contract

Pregunta 19

Pregunta
Traditional contract law insisted on an absolute and unequivocal acceptance of each and every term of the offer. This concept is commonly referred to as:
Respuesta
  • The mirror image rule
  • The battle of the forms provision
  • The mailbox rule

Pregunta 20

Pregunta
A quasi-contract is __________.
Respuesta
  • Formed by a court to avoid unjust enrichment
  • Formed by conduct, rather than language
  • Formed by language, oral or written
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